BUSINESS
Seized Russian Yacht Up For Auction
The first public auction of seized property belonging to Russian oligarchs has begun, as the war in Ukraine prompted these assets as fair game for the taking by local authorities. The ship's previous owner has a stained reputation, as billionaire Dmitry Pumpyansky has now been sanctioned by the E.U & the U.K. for his business affiliation with the Russian oil & gas industry. A serious interest in the upscale yacht has taken place, as it received 63 bids.